Texas Finance Code 353.212 – Financing Entity May Not Require Insurance From Particular Source
Current as of: 2024 | Check for updates
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Terms Used In Texas Finance Code 353.212
- Contract: A legal written agreement that becomes binding when signed.
If a retail installment contract presented to a financing entity for acceptance includes any insurance coverage, the financing entity may not directly or indirectly require, as a condition of its agreement to finance the commercial vehicle, that the retail buyer purchase the insurance coverage from a particular source.